90. Fisher Investments

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 24 (to date)

2007: 18

2006: 6

100% of internships are paid, 0% are unpaid.

2007 interns came from the following classes...

11% Freshman

17% Sophomores

72% Juniors

0% Seniors

...and from the following majors:

11% Business

11% Computer Science

28% Economics

17% Engineering

28% Liberal Arts

0% Math

5% Science

0% Undeclared

0%

There is an official summer internship program

Average summer program: 10 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $15.00

Average total intern compensation: $6,000

69% of eligible 2007 interns received full-time job offers

89% of interns with offers accepted

Applicants & New Hires

Recruited on 22 undergrad campuses in 2007-08.
Made job offers on 20 undergrad campuses.

Applicants for entry-level jobs

2008: 5,438 (to date)

2007: 10,160

2006: 6,562

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 181* (to date)

2007: 214

2006: 138

Entry-level hires who were undergrad interns

2008: 4% (to date)

2007: 1%

2006: 0%

Most important characteristics for new hires:

2 Communication Skills

3 Leadership Skills

1 Work Experience*

Data includes all 2008 hires, including those scheduled to start later this year.

""Work experience"" may also include significant leadership roles in clubs, organizations or athletics.

2007 entry-level hires came from the following majors:

40% Business

1% Computer Science

19% Economics

0% Engineering

35% Liberal Arts

2% Math

2% Science

0% Undeclared

1 Sports Medicine, Sports Marketing, General Studies% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

NA% Total minorities

NA% Female

Salary & Benefits

Entry-level hires since Jan. 1, 2008 (to date)

Average base salary:
$50,000 to $54,999*

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

0% earn $45,000 to $49,999

100% earn $50,000 to $54,999

0% earn $55,000 to $59,999

0% earn $60,000 to $64,999

0% earn $65,000 to $69,999

0% earn $70,000 to $74,999

0% earn $75,000 and above

Bonuses, Overtime & Perks

0% received signing bonuses

Average signing bonus: NA

100*% received performance bonuses in their first year on job

Average performance bonus, 2007: $8,015

100% of 2007 entry-level hires eligible for overtime

0% of 2007 entry-level hires not eligible for overtime

Reimburse employees for education expenses? No

Do employees become eligible immediately? NA

Maximum annual education reimbursement: NA

Full grad school sponsorship for jr. level employees? No

Partial grad school sponsorship for jr. level employees? No

Time Off

The organization has a Paid Time Off (PTO) Bank

Maximum PTO days during first year: 24

Maximum PTO days after one year: 24

Maximum PTO days after three years: 24

Maximum PTO days after five years: 29

Maximum PTO days after 10 years:29

Flextime is not an option for entry-level employees

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? No

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? No

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? No

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Entry-level hires are given access to a 401(K) savings plan

Max. company match as a percentage of salary: NA%

Min. employee set-aside as a percentage of salary to receive max. co. match: NA%

401(k) Details: Match is 50% of employee's contribution, including any catch-up contributions, up to a maximum of $7,750, or $10,250 for those 50 and older.

Are entry-level hires eligible for company funded pension? No

Are entry-level hires eligible for profit-sharing program? No

Other Benefits

Does company match employee charitable gifts? No

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $2,000

Expenses deemed non-deductible by IRS are not reimbursed. Move must be within 1 year of start date. New job location must be at least 50 miles farther from the former home than the old job location was; distance from the new home to new job location must be less than the distance from the former home to the new job location.

Employee Discounts on the following:

Gym memberships

Cell phone service

Insurance

Dell computers, UPS shipping, dry cleaning

Notes: Salary data based on entry-level non-sales positions only, which account for 82% of 2008 hires; it does not include commissions.

Performance bonus data based on entry-level non-sales positions only.

PTO bank includes paid holidays.

Work Environment

Average entry-level work week: 47 hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

100% in open work stations

0% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Typical dress code

Business

No

Does organization have fitness facilities on site? Facilities not available

Training Programs

The organization has a formal orientation program for new hires

Program length: 6 days

Orientation includes the following:

Computer training

Guest speakers

Team building activities

Facilities tour

Benefits overview

Firm history, vision, values, investing philosophy, industry overview, finance training

$1,515 average spent on training, per new hire, in 2007

How do new employees enter the program?

If not hired directly into program, when are most new hires first considered eligible?

After completion of program, what percentage of employees receive a raise?

How much is the typical raise:

There is not a formal leadership program for entry-level hires that lasts a year or more.

How do new employees enter the program?

If not hired directly into the program, when are most new hires first considered eligible?

Is program rotational?

If so, how many locations or business units does the employee spend time at?

Minimum rotations:

Maximum rotations:

Length of program, in weeks:

Minimum: weeks

Maximum: weeks

After completion, what percentage of employees receive a raise?:

How much is the typical raise:

Does company have formal mentorship program? Yes

100% of entry-level hires participate

6 days of additional training expected

Getting Ahead

Three-year retention rate: 43%

Five-year retention rate: 29%

How are raises determined?

Performance

When are most entry-level hires eligible for their first raise?

One-year anniversary

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

One-year anniversary

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

2 Learning Ability

1 Productivity/Efficiency

3 Quality

Min. tenure in years required for job change: 0.5

Long-Term Prospects

Does position of vice president exist at this organization? Yes

If not, is there a comparable title?

No. of employees who hold VP or similar title: 40

No. of employees with VP or similar title with 20 years plus seniority: 3

Age of youngest employee with VP or similar title: 30

Seniority of youngest employee with VP or similar title in years: 8